COMMON STOCK PURCHASE WARRANTS To Purchase 10,790,000 Shares of Common Stock of CLEAN POWER TECHNOLOGIES, INC.Common Stock Purchase Warrants • August 23rd, 2010 • Clean Power Technologies Inc. • Engines & turbines
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) CERTIFIES that, for value received, The Quercus Trust (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of this Warrant and on or prior to the fifth anniversary of the date of this Warrant (the “Termination Date”) but not thereafter, to subscribe for and purchase from Clean Power Technologies, Inc., a Nevada corporation (the “Company”), up to 10,790,000 shares (the “Warrant Shares”) of the Common Stock, par value $0.001 per share, of the Company (the “Common Stock”). The purchase price per share of Common Stock is $0.10 (the “Exercise Price”). The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as provided herein. This Warrant is issued pursuant to that certain Securities Purchase Agreement dated June 8, 2010, by and between The Quercus Trust and Company.
